Discover the Axis Bank Rewards Credit Card benefits, fees, eligibility, and rewards program. Get up to 5,000 welcome reward points, dining discounts, and free airport lounge access.
Axis Bank Rewards Credit Card Review – Fees, Benefits, and Eligibility
Axis Bank has recently launched a new mid-range credit card called the Axis Bank Rewards Credit Card. If you are looking for a card that offers decent rewards, lifestyle benefits, and airport lounge access, this card might be worth considering. In this article, we’ll cover its fees & charges, key benefits, reward structure, milestone perks, and eligibility criteria in detail.
Fees and Charges of Axis Bank Rewards Credit Card
- Joining Fee: ₹1,000 + GST
- Annual Fee: ₹1,000 + GST (waived on annual spending of ₹2 lakh)
- Finance Charges: 3.6% per month (43.2% annually) if bill not paid on time
- Foreign Currency Markup Fee: 3.5% of the transaction amount
- Cash Withdrawal Fee: 2.5% of the withdrawn amount (minimum ₹500)
Always pay your bills on time to avoid high finance charges and negative impact on your credit score.
Key Benefits of Axis Bank Rewards Credit Card
1. Welcome Benefit
- Spend ₹1,000 within 30 days of card issuance and get 5,000 EDGE Reward Points (worth ₹1,000).
2. Reward Points on Spending
- 2 EDGE Reward Points on every ₹125 spent (no capping).
- 20 EDGE Reward Points on every ₹125 spent at departmental stores & electronics (capped at ₹7,000 monthly spend).
Value of 1 EDGE Reward Point = ₹0.20.
3. Milestone Benefit
- Spend ₹30,000 in a month and get 1,500 EDGE Reward Points (worth ₹300).
- Insurance, wallet load, rent payment, and cash withdrawal transactions are excluded.
4. Food & Dining Benefits
- 30% discount on Swiggy orders (minimum order ₹200, maximum discount ₹150, twice a month).
- Up to 15% discount at partner restaurants (maximum ₹500 per transaction).
5. Airport Lounge Access
- 2 complimentary domestic airport lounge visits per quarter (8 per year).
6. Insurance Benefits
- Purchase Protection up to ₹1,00,000.
- Travel insurance including delay, baggage loss, and lost documents coverage.
Eligibility Criteria
To apply for the Axis Bank Rewards Credit Card, you must:
- Be aged between 18 and 70 years.
- Have a valid PAN card, identity proof, residence proof, and income proof.
- Salaried applicants must provide latest salary slips; self-employed individuals need to provide ITR documents.
Final Verdict
The Axis Bank Rewards Credit Card is a solid mid-variant card offering good rewards on everyday spends, dining discounts, and free airport lounge access. If your annual spending is above ₹2 lakh, the fee waiver makes it even more attractive.
This card is best suited for:
- Shoppers at department & electronics stores
- Frequent diners & Swiggy users
- Domestic travelers looking for free lounge access
If you fit into these categories, this card can definitely add value to your wallet.
Axis Bank Rewards Credit Card vs Other Popular Axis Bank Cards
If you are confused between the Rewards Credit Card and other Axis Bank cards like Select or Privilege, here’s a quick comparison: Feature Axis Bank Rewards Credit CardAxis Bank Select Credit CardAxis Bank Privilege Credit CardJoining/Annual Fee ₹1,000 + GST (waived on ₹2L annual spend) ₹3,000 + GST (waived on ₹6L annual spend) ₹1,500 + GST (waived on ₹2.5L annual spend) Welcome Benefit 5,000 EDGE Points (₹1,000 value)
Up to 10,000 EDGE Points 12,500 EDGE Points Rewards Rate 2 RP/₹125 (regular spends)
20 RP/₹125 (electronics & department stores, capped) 10 RP/₹200 (online spends) 10 RP/₹200 (retail spends) Milestone Benefit 1,500 RP on ₹30,000 monthly spend Complimentary lounge visits & bonus points 3000 RP quarterly on spends of ₹75,000 Lounge Access 8 Domestic per year 6 Domestic + 2 International per year 8 Domestic per year Dining Benefits 30% off on Swiggy
Up to 15% off at partner restaurants Dining Delights up to 20% Dining Delights up to 20% Best For Everyday shopping, electronics, Swiggy orders, lounge access Frequent international travelers, premium lifestyle users Frequent domestic travelers & lifestyle spenders
✅ Quick Takeaway:
- Choose Axis Bank Rewards Credit Card if you want an affordable, mid-tier card with high rewards on everyday shopping, dining, and free lounge visits.
- Go for Axis Bank Select if you’re a premium traveler who values international lounge access and higher welcome bonuses.
- Opt for Axis Bank Privilege if you want a balanced lifestyle card with milestone benefits and domestic lounge perks.
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